Pebblebrook Hotel Trust (NYSE:PEB) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of Pebblebrook Hotel Trust (NYSE:PEB) from a hold rating to a strong-buy rating in a report issued on Monday,Zacks.com reports.

Several other analysts have also recently commented on the stock. Wells Fargo & Company raised their price target on shares of Pebblebrook Hotel Trust from $12.00 to $16.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Raymond James Financial restated an “outperform” rating and set a $18.00 price target on shares of Pebblebrook Hotel Trust in a report on Monday, June 8th. Evercore set a $15.00 price target on shares of Pebblebrook Hotel Trust in a report on Monday, April 27th. Barclays raised their price target on shares of Pebblebrook Hotel Trust from $9.00 to $13.00 and gave the stock an “underweight” rating in a report on Monday, June 1st. Finally, Cantor Fitzgerald raised their price target on shares of Pebblebrook Hotel Trust from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, six have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.98.

Pebblebrook Hotel Trust Stock Performance

PEB stock opened at $19.35 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market cap of $2.19 billion, a P/E ratio of -24.18, a P/E/G ratio of 1.61 and a beta of 1.45. The firm has a 50 day simple moving average of $14.94 and a 200 day simple moving average of $13.04. Pebblebrook Hotel Trust has a 52 week low of $9.28 and a 52 week high of $19.39.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.05. The business had revenue of $345.66 million during the quarter, compared to analysts’ expectations of $331.23 million. Pebblebrook Hotel Trust had a negative net margin of 4.18% and a negative return on equity of 2.41%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company posted $0.16 earnings per share. Pebblebrook Hotel Trust has set its Q2 2026 guidance at 0.580-0.620 EPS. Research analysts anticipate that Pebblebrook Hotel Trust will post 1.59 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, June 30th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -5.00%.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PEB. M&T Bank Corp bought a new position in shares of Pebblebrook Hotel Trust in the fourth quarter valued at approximately $4,411,000. APG Asset Management US Inc. bought a new position in shares of Pebblebrook Hotel Trust in the third quarter valued at approximately $5,545,000. SG Americas Securities LLC raised its position in shares of Pebblebrook Hotel Trust by 40.4% in the fourth quarter. SG Americas Securities LLC now owns 153,226 shares of the real estate investment trust’s stock valued at $1,735,000 after purchasing an additional 44,079 shares during the period. Voss Capital LP bought a new position in shares of Pebblebrook Hotel Trust in the fourth quarter valued at approximately $4,897,000. Finally, Legal & General Group Plc raised its position in shares of Pebblebrook Hotel Trust by 14.1% in the fourth quarter. Legal & General Group Plc now owns 2,566,267 shares of the real estate investment trust’s stock valued at $29,050,000 after purchasing an additional 317,573 shares during the period.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust (NYSE:PEB) is a real estate investment trust specializing in premium, high-barrier-to-entry hotel properties in gateway markets across the United States. Established in 2009, PEB focuses on lifestyle-oriented lodging assets that cater to business and leisure travelers seeking elevated experiences. The company’s investment strategy emphasizes select-service and full-service hotels with established brands and prime urban or resort locations.

PEB’s portfolio comprises more than 30 properties in major metropolitan areas including New York City, Los Angeles, Chicago, Miami and San Francisco.